Met-Pro Corporation's Strobic Air Subsidiary Receives Equipment Order in Excess of $500,000
August 12 2008 - 11:03AM
PR Newswire (US)
HARLEYSVILLE, Pa., Aug. 12 /PRNewswire-FirstCall/ -- Raymond J. De
Hont, Chairman and Chief Executive Officer of Met-Pro Corporation
(NYSE:MPR), announced today that the Company's Strobic Air
subsidiary has received an order in excess of $500,000 from a
premier medical research facility in the Northeastern United
States. All of the equipment is expected to ship during the third
quarter of the Company's current fiscal year ending January 31,
2009. "This order reinforces Strobic Air's reputation as the
supplier of choice for technologically advanced fume hood exhaust
systems at institutional, industrial, and government laboratories,"
said De Hont. "It represents another example of Met-Pro's solutions
that can help solve the challenges of protecting our environment
while serving business and industry around the world. Together with
a steady level of customer interest and quotation activity for
similar type projects, it allows us to remain optimistic about our
prospects for future orders of this type at Strobic Air." For this
project, Strobic Air will supply laboratory fume hood exhaust
systems, which will utilize a total of eight Tri-Stack(TM) fans on
custom plenums. Strobic Air was awarded this contract based on
their best-in-class reputation for supplying low profile exhaust
systems that are specifically designed to handle the complex issues
of laboratory exhaust. Each of the fans will be equipped with
Strobic Air's patented acoustical silencer nozzle and acoustical
windband to minimize sound output levels at the fan discharge.
About Met-Pro Met-Pro Corporation, with headquarters at 160 Cassell
Road, Harleysville, Pennsylvania, was recently recognized, for the
second consecutive year, as one of America's "200 Best Small
Companies" by Forbes magazine. The Company was also recently named
as one of the world's "Top Small to Midsize Manufacturers" by
Start-It magazine for the second year in a row. Through its
business units, in the United States, Canada, Europe and The
People's Republic of China, a wide range of products and services
are offered for industrial, commercial, municipal and residential
markets worldwide. These include product recovery and pollution
control technologies for purification of air and liquids; fluid
handling technologies for corrosive, abrasive and high temperature
liquids; Mefiag filtration technologies for harsh, corrosive liquid
filtration applications; and filtration and purification
technologies which include proprietary water treatment chemicals
and filter products for air and liquid filtration. For more
information, please visit http://www.met-pro.com/. The Private
Securities Litigation Reform Act of 1995 provides a "safe harbor"
for forward-looking statements. Certain information included in
this news release, and other materials filed or to be filed with
the Securities and Exchange Commission (as well as information
included in oral or other written statements made or to be made by
the Company), contain statements that are forward-looking. Such
statements may relate to plans for future expansion, business
development activities, capital spending, financing, the effects of
regulation and competition, or anticipated sales or earnings
results. Such information involves risks and uncertainties that
could significantly affect results in the future and, accordingly,
such results may differ from those expressed in any forward-looking
statements made by or on behalf of the Company. These risks and
uncertainties include, but are not limited to, those relating to,
the cancellation or delay of purchase orders and shipments, product
development activities, computer systems implementation, dependence
on existing management, the continuation of effective cost and
quality control measures, retention of customers, global economic
and market conditions, and changes in federal or state laws.
Met-Pro common shares are traded on the New York Stock Exchange,
symbol MPR. To obtain an Annual Report or additional information on
the Company, please call 215-723-6751 and ask for the Investor
Relations Department, or visit the Company's website at
http://www.met-pro.com/. Contact: Investor Contact: Gary J. Morgan,
Senior Vice President of Finance, CFO 215-723-6751, Joseph Hassett,
VP Gregory FCA Communications 610-642-8253 extension 120
DATASOURCE: Met-Pro Corporation CONTACT: Gary J. Morgan, Senior
Vice President of Finance, CFO of Met-Pro Corporation,
+1-215-723-6751, ; or Joseph Hassett, VP of Gregory FCA
Communications for Met-Pro Corporation, +1-610-642-8253, ext. 120
Web site: http://www.met-pro.com/
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